Hadda-1 Well Results Discouraging

Roc Oil reports that the Hadda-1 rank wildcat well had reached a Total Depth of 1,831 meters and logging was underway. Preliminary interpretation of the drilling and logging data suggests that the well has drilled approximately 20 meters of poor quality sand with oil shows, immediately below the regional seal and source section and immediately above good quality sands which appear to be water bearing. A more definitive comment cannot be made until logging has been completed and all the data analyzed.

Hadda-1, is a vertical well drilled by the ENSCO-56 jackup in about 45 meters of water, in WA-325-P, about 150 km northwest of Geraldton, Western Australia and some 200 km northwest of the Cliff Head Oil Field.

The Hadda Joint Venture participants are Roc Oil as operator with 37.%; Apache with 37.5%; Voyager with 10%; Bounty Oil & Gas with 10% and Wandoo Petroleum with 5%.

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